ATHENS EXCHANGE S.A.: Continuation of Suspension of the shares of the Companies "C. CARDASILARIS & SONS - CARDICO S.A." and "MARAC ELECTRONICS S.A."
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Athens, 10 December 2010 |
The Hellenic Capital Market Commission, taking into consideration that the companies "C. CARDASILARIS & SONS - CARDICO S.A." and "MARAC ELECTRONICS S.A." did not proceed to the appropriate actions during the given 10-day period, in order to cure the breach of rules mentioned in article 6 of Law 3556/2007, decided the continuance of the temporary suspension of trading of the shares of the above companies, according to article 17 of Law 3371/2005, due to the fact that the reasons, for which the companies were under suspension of trading, still exist.
The aforementioned suspension is deemed necessary for the protection of investors, based on the fact that the smooth operation of the market is temporarily not ensured.